Claims adjuster exam 1 - Study guides, Class notes & Summaries

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Michigan Surplus Lines Insurance Exam Prep questions and answers latest top score. (1)Surplus Lines premiums typically expand during: A) A soft Market B) A Hard Market - correct answers.A Hard Market. Surplus lines premiums typically expand during a hard market. (2) During the time of a hard market, insurers will: A) Tighten their underwriting standards B) Loosen their underwriting standards - correct answers.A) Tighten their underwriting standards. Tighten and ra...

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Claims Adjuster Exam 1 Questions and Answers Rated A+ Actual Cash Value (ACV) - Answer ️️ -Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit - Answer ️️ -One limit per occurrence is what we pay up to Split limit - Answer ️️ -What we pay up to per person and per occurrence Deductible - Answer ️️ -What the customer will have to pay; we cover everything else Declarations Page (Dec Page) - Answer ️️ -The basic infor...

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SC Property, Casualty, Surety, Marine Exam Questions and Answers 100% Answered!!Accumulated Depreciation - ANSWERSThe total decrease in an item's value over a period of time. Formula:(Annual Depreciation x Number ofyears used) 1-J Acreage Reporting Date - ANSWERSThe deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. 3-E Actual Cash Value (ACV) - ANSWERSA valuation method used by...

New Jersey Claims Adjuster Exam 1 133Questions and Answers (Latest Update 2024) Verified AnswersNew Jersey Claims Adjuster Exam 1 133Questions and Answers (Latest Update 2024) Verified AnswersNew Jersey Claims Adjuster Exam 1 133Questions and Answers (Latest Update 2024) Verified Answers

Claims Adjuster Exam 1 Questions and Answers Rated A+ Actual Cash Value (ACV) - Answer ️️ -Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit - Answer ️️ -One limit per occurrence is what we pay up to Split limit - Answer ️️ -What we pay up to per person and per occurrence Deductible - Answer ️️ -What the customer will have to pay; we cover everything else Declarations Page (Dec Page) - Answer ️️ -The basic infor...

Claims Adjuster Exam 1 Questions and Answers Rated A+ Actual Cash Value (ACV) - Answer ️️ -Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit - Answer ️️ -One limit per occurrence is what we pay up to Split limit - Answer ️️ -What we pay up to per person and per occurrence Deductible - Answer ️️ -What the customer will have to pay; we cover everything else Declarations Page (Dec Page) - Answer ️️ -The basic infor...

Actual Cash Value (ACV) correct answers Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit correct answers One limit per occurrence is what we pay up to Split limit correct answers What we pay up to per person and per occurrence Deductible correct answers What the customer will have to pay; we cover everything else Declarations Page (Dec Page) correct answers The basic information about a policy: Who - names of insurer and in...